PRNEX vs. THOIX
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and Thornburg Global Opportunities Fund (THOIX).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. THOIX is managed by Thornburg. It was launched on Jul 28, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or THOIX.
Performance
PRNEX vs. THOIX - Performance Comparison
Returns By Period
In the year-to-date period, PRNEX achieves a 15.15% return, which is significantly higher than THOIX's 10.11% return. Over the past 10 years, PRNEX has underperformed THOIX with an annualized return of 4.28%, while THOIX has yielded a comparatively higher 5.02% annualized return.
PRNEX
15.15%
4.56%
4.94%
17.81%
10.03%
4.28%
THOIX
10.11%
-4.85%
-2.89%
18.39%
5.87%
5.02%
Key characteristics
| PRNEX | THOIX | |
|---|---|---|
| Sharpe Ratio | 1.26 | 1.70 |
| Sortino Ratio | 1.72 | 2.32 |
| Omega Ratio | 1.22 | 1.30 |
| Calmar Ratio | 1.88 | 0.94 |
| Martin Ratio | 5.43 | 8.86 |
| Ulcer Index | 3.28% | 2.07% |
| Daily Std Dev | 14.10% | 10.82% |
| Max Drawdown | -66.56% | -65.54% |
| Current Drawdown | 0.00% | -7.41% |
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PRNEX vs. THOIX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than THOIX's 0.99% expense ratio.
Correlation
The correlation between PRNEX and THOIX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PRNEX vs. THOIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and Thornburg Global Opportunities Fund (THOIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PRNEX vs. THOIX - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 2.78%, more than THOIX's 1.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 2.78% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% | 0.56% |
THOIX Thornburg Global Opportunities Fund | 1.97% | 2.17% | 1.45% | 1.66% | 0.24% | 0.56% | 2.65% | 0.67% | 0.82% | 0.59% | 0.40% | 0.96% |
Drawdowns
PRNEX vs. THOIX - Drawdown Comparison
The maximum PRNEX drawdown since its inception was -66.56%, roughly equal to the maximum THOIX drawdown of -65.54%. Use the drawdown chart below to compare losses from any high point for PRNEX and THOIX. For additional features, visit the drawdowns tool.
Volatility
PRNEX vs. THOIX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) and Thornburg Global Opportunities Fund (THOIX) have volatilities of 3.73% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.